KryptoX or it’s associated services is a cryptocurrency service by Online Currency Transfers (“KryptoX.com”, “KryptoX”, “KryptoX services”, otherwise “We”, “Us” or “Our”) which simplifies the overall experience of exchanging, sell, accepting, buying cryptocurrencies.
KryptoX.com have developed these terms in accordance with its service and the governance of the platform to comply with legal obligations along with the fairness of the platform.
When using our platform and or services you agree to be legally binded by these terms outlined in this document. Please do not visit KryptoX.com or it’s associated services, if you disagree with any of the terms within this page or any policy outlined by KryptoX.com.
When we reference “You”, “Your” or “User” we refer to you, the user using the KryptoX platform it’s associated services, this is solely for convenience for the reader.
When using our services, you agree that you:
In order to complete the registration process, you must provide personal information as well as have the account activated once it is passed appropriate measures such as AML/CTF. We may ask you to provide us with information such as your name, phone number, email address and potentially information about your business's legal entity. We may also ask you about your business information.
If you wish to use our services, you must agree to give us this information:
The following terms are agreed when you starting using our services and therefore after, you agree that We reserve the right to terminate your account, but not limited to, in the following circumstances:
You hereby agree that we may terminate, suspend, stop processing or completely remove your account from the KryptoX.com services.
By ending use of the Services and any associated account, you can terminate those Terms. Any section or term that, in its nature, requires or is not required in order to carry out these Terms, remains subject to the termination and termination of these Terms.
We ultimately possess the right to decline a sale, transaction or any type of service we offer and if we believe it violates a Term of Use. By using our services you agree to allow us to share information with the relevant law enforcement if you were to be found in an investigation that breaks a law within our jurisdiction.
If an account is suspended, terminated, halted processing or any type of suspension of your account that impairs the capability of your account, you must acknowledge, accept and understand these terms:
It is prohibited and may lead to a suspension, termination or a limitation of your account if you were to use our services to any of the following purposes:
You have hereby agreed to comply with all these subjects as well with any applicable law in connection with your user of our services. You may not use our services for any of the above reasons, or anything that may contribute to a criminal offense, this WILL result in a termination, suspension or deletion of your account and may lose your digital currencies or digital assets.
When using KryptoX services you agree that you will appropriately conduct yourself and your account, you agree that you will stand by these terms:
If you violate any of these terms, you may be suspended, terminated or your account limited. To ensure that this does not happen, stick to our terms.
The clause section 3 does not limit our rights towards the user. You hereby agree and acknowledge that our rights may change and have no limitations to improve or match regulations, laws or statutes.
You agree to pay all fees associated with our services, when using and have completed any type of transaction or service. Following any update of our fees, by using our platform you remain in an agreement thus accepting the fees.
4.2.1 You Must Pay Associated and Applicable Taxes. It is fully your responsibility to pay all taxes in relation to our service, if it be transactions or any digital assets you may hold. If you receive more than £20,000 gross payments in a given calendar year and (ii) more than 200 payments in the same calendar year, KryptoX shall, as the rule requires, report to the Internal Revenue Service annually your name, address, identification number of the employer, the sum of the dollar of your incoming payments in the calendar year and the total of the monthly payments you receive in the same month.
4.2.2 No Representation, or Relation to Tax Liabilities. We are not obligated to determine the required amount to be paid for your taxes when in connection to our services. You agree not to hold any liabilities against us if any, but not limited to, losses, damages or related occur, see clause 5 (Indemnity.)
You agree to indemnity KryptoX, affiliates and or its related entities and any of its officers, directors, employees, agents, subsidiaries, and or relevant stakeholders from and against any losses, liabilities, damages, expenses, judgments and claims of any and every kind, including, but not limited to, costs, expenses, solicitor or barrister fees from any type of, but not limited to, investigation, audit, action, complaint, claim, inquiry, proceeding from a business entity or person/persons,
KryptoX cant provide nor guarantee some levels of consumer law due to its nature, including guarantees like fitness of purpose and quality of information or goods.
We do not warrant the availability, accuracy, timeliness, completeness, information or reliability of this platform. All of our information and entire platform is provided As is and As available without any form of warranty or guarantee, express or implied. This includes, but is not limited to, warranties of merchantability, purpose, title, errors, virus, security or non-infringement.
To improve both our customer service and entire service we accept welcome feed or Feedback - You can submit these feedback and improvements by sending an email to [email protected]. When doing so, you officially grant us a non-exclusive, worldwide, royalty-free, fully-paid, transferable license and all intellectual rights to the contents or ideas of the improvement.
You agree, accept and acknowledge any communication, if it be electric, telecommunication or in physical letter, made by us is considered will be considered In writing.
You agree, accept and acknowledge that any action related to KryptoX will be governed by the laws of England and Wales without any laws of conflict from other jurisdictions.
We hold the right, and you accept that we may impose a restriction, limitation or an entire suspension of the ability of funds you may transfer, exchange or accept in certain conditions. We may review your transactions history and service without any prior notice which may be due to various reasons such as violating a law.
Merchants wishing to complain about any of our services, we recommend you contact [email protected], or alternatively email [email protected] to have your email forwarded to the appropriate department. We have upto 5 Business Days to respond to your complaint and upto 1 month to investigate and make inquiries into the complaint.
What Our Disclaimer Covers
The Software and its services are provided As is, we make no representations, expressations or implications. We make no provision s for any type of materials or information provided to you, the user, on this website.
We warn to those users that we do not warrant the following:
When using our services and websites, you agree that our exclusions of terms, limitations, warranties and liability are fair and reasonable.
If you disagree or do not think this is reasonable, do not use our services or websites.
You agree, accept and acknowledge that as a limited liability company we have a direct interest in limiting any personal liability to any of our employees, officers or directors. You hereby agree that you will not bring any claim personally against our officers or employees in respect of any losses you may occur while using the KryptoX services.
As for the above paragraph, you solely agree that the limitations of warranties and other liabilities will not be forced upon any of our employees, officers, directors, subsidiaries, successors, affiliates, contractors or any party that is directly involved with our website.
KryptoX nor its services or any person associated guarantees or underwrites any transaction entered while using our services, nor does it take any responsibility or liability for any loss which may occur during the use of our services.
From time to time, KryptoX may act as a market maker by exchanging digital cryptocurrencies, this means that KryptoX may buy and sell its own digital cryptocurrency assets that it owns to create market liquidity, this may result in profit for our website. This is sometimes known as Bid-offer spread.
KryptoX or its associated services is not a market issuer in relation to any digital cryptocurrencies, the website solely provides an exchange service for Approved Users to which buy, sell, accept and exchange Digital cryptocurrencies.
As laid out in our user agreement, buying, selling, exchanging or using any of our services may experience extreme price volatility. You must acknowledge and consider if using the services are suitable and affordable in terms of personal circumstances as well as your financial position. Once a transaction has been completed, it is reversible, refer to Risks on the user agreement.
KryptoX website or services, including this document or any policies relevant, participates in any type of solicitation of the user and investment, or is relevant to any type of offering of securities in any jurisdiction.
Our website and services disclaimer will limit or exclude any warranty implied by applicable law, statute or regulation. Nothing in this website disclaimer will exclude or limit our services liability in respect of any:
KryptoX.com or We does not issue no offer documents in the terms of preparation or registered relation to the services provided, or any digital cryptocurrencies or the website under any securities legislation in any jurisdiction.
If We or the services provided by Kryptox.com user agreements and or policies become or are found to be unenforceable by law, statute or regulation, this will not affect the enforceability of that said section in the website disclaimer or policy.
KryptoX.com or We reserve the right to fully change the disclaimer or any policies within the Terms and Conditions in certain circumstances, this may be, but not limited to, complying with law or regulation guidance. We will promptly alert you to any changes to our policies. By accessing our site or service you hereby agree that we reserve the right to fully amend the current or future versions of the policy.
Privacy of our customers and those are accessing our platform is important to us, with this we aim to be as transparent of how we collect data of our users, how we use that information, keeping that information safe, sharing that data with a third-party and in this document we'll help you understand everything we do with personal data.
When refer to KryptoX, KryptoX.com, KryptoX.com and its associated services, KryptoX services, Company or Services refers the website located at kryptox.com of that company that is held by Online Currency Transfers under FVT000414
As mentioned in the Policy, Users, Customers, Your, You or Service users includes you and users utilizing our platform. For the reader's convenience, we've used all of the above which refers to you, the user and reader.
This Policy refers only to data described or collected by KryptoX, This Policy excludes any data you provide to a third-party which you may provide data to such as a social network or different platform of any nature. KryptoX recommends you consult your Privacy concerns with such parties.
In our Policy we cover European Data Protection Legislation which refers to the means of GDPR, and all laws adopted under the relevance of GDPR.
Our Policy may change, in the event that this occurs, your continued use of the platform may result in changes, we recommend you check for updates of the Policy as much as possible, when convenient.
We collect various information that is provided to us by you and third parties. When you use our Services, data is also collected to statistically make graphs for improving user experience.
We may collect the following information from you and possibly a third-party:
We use data hosting providers in the United Kingdom as well as some other various regions to host the data we collect. While we implement the correct measures to protect any data and no data is impenetrable and we do not have the sufficient permissions to appropriately defend the data beyond our own access. We cannot guarantee the protection of your data or information, you must acknowledge that we cannot guarantee the protection of your data but make appropriate measures to protect it.
The timescale of how long we keep the data is solely based on the type of information we have collected, as described below. After time, or upon request, we shall terminate that data and anonymize your information. We shall securely store your information and isolate from other data types.
We collect and process information on you if you are a citizen within the European Economic Area (EEA) only where we have legal bases for this reason according to the relevant European data protection legislation. The legal basis depends on the services you use. This ensures that your information is only collected and used where:
If you have consented to any use of your own personal data for a set purpose, you remain the right to change your mind on processing your data. We are only using your data with sufficient interests to do so, you have the right to object to us processing your data, but in certain circumstances, this may mean that the KryptoX services will become obsolete and comprise various elements.
We often share with third parties and affiliates to help us improve, operate, customize and support our services and often won't directly be identifiable by your own personal data, just by your browser.
If you're a resident of Europe or the EEA, you have certain rights that don't apply to some other countries such as the USA. We have mentioned below the rights that you have under GDPR/EU Privacy laws, and what procedures and how we protect these rights.
In accordance with GDPR/EU Privacy Rights, we have appointed a Data Protection Officer, a (DPO) - Which has sufficient knowledge in protecting user's data and has the appropriate awareness.
If you wish to exercise any of your data rights, we have the right to respond within one month of the message received. Please contact the Data Protection Officer at [email protected].
We are an FCA, FIU regulated body In the United Kingdom and Estonia. As to improve our service and in the interests of KryptoX, we retain information for various reasons as to meet legal obligations. Also, to ensure that our Customer Identification Program is met for a period of 5 years.
You may have the right to request a copy of your data, to object to our use of your information for marketing and other purposes, to ask that your information be deleted or restricted or to ask for your information in a structured document. Below are the tools and processes for making these applications. By logging in to the Services and using the settings inside the Services or your account, you can make some choices. Please contact us for any other requests, as given in the section Contact Us.
In other situations, your requests and decisions can be limited; e.g. if in fulfilling your request, you would reveal data about a person other than your user or administrator or if you apply for the deletion of information to be held by our legislation and/or for valid interest. You will even have the right to complain to a data protection agency in the jurisdiction where you live, operate or believe that their rights have been infringed.
We, KryptoX, do not directly sell your Personal data to any third party for their marketing purposes without your direct consent. We may collect your information in order to create graphs or to improve services, however, this information isn't personally identifiable. If you do not wish to receive marketing communications, send an email to [email protected]
KryptoX.com or We do not provide services to children or person/persons to anyone under the age of 18. We do not knowingly collect any information on children or those under 18. We take procedures to stop anyone under the age of 18 in accessing our services, however, if an investigation finds that we have collected information of those under the age of 18, it is instantly terminated.
The following User agreement is for the intent of any user using the Kryptox.com Platform or it's associated services.
When referencing We, Us, Our, refer to the website and brand KryptoX.com and references You and Your and Reader refers to the user using KryptoX services.
When referring to Services or Associated services this refers to KryptoX Pay, KryptoX Exchange, KryptoX ATM, KryptoX Wallet, or KryptoX Bank
By signing up to an account on KryptoX.com you hereby agree to our (KryptoX.com) and associated services user agreement, you also agree to read, understand and accept all of the terms within the agreement
Our Agreement outlines the platform usage and agreements terms when using the KryptoX platform. You hereby agree that KryptoX has the right to amend and change this User Agreement.
By using KryptoX.com you must provide the required identification information in order to pass our anti-money laundering/counter financing terrorism (AML/CTF) procedures along with Know Your Customer KYC. For further information on our AML/CTF and associated internal policies, find AML/CTF policy page.
To complete the procedure, you may need to provide us with certain personal information, which is stored securely in encrypted server storage units.
As mentioned above, our top priority is to store all personal information as securely and safely as possible with appropriate measures in place. You hereby agree that allow KryptoX or its services to make inquiry into protecting any necessary personal data.
1.1 Access.Your access to the website KryptoX.com or associated services may from time to time become unavailable and deteriorate its quality, this could result in its services to become obsolete and unable to pay, accept, manage, or exchange any type of cryptocurrency.
1.2 Accuracy.One of our founding policies is to provide accurate information, but from time-to-time errors can be made and in the event that this occurs on the KryptoX.com platform it may affect, but not limited to, content. You hereby agree that if our entire information or guidelines on the site leads to damages or loss in any form, we shall not be held accountable.
1.3 Availability.Like above, from time to time, our platform may become unavailable to you, the user, in the event this happens, we are not to be held accountable for any losses or damages that may technically occur when our platform becomes unavailable.
1.4 Headings.Each section heading only serves as an indication to you, the reader, and are for convenience only, the heading section doesn't always reflect the topic or relevance of the term of agreement.
1.5 Grammatical Context.From time to time, our policies may have grammatical or context errors, in the event that this happens, you agree that we are not held to reasonable grammatical errors.
2.1 Termination, Suspension or Cancellation. We have the right to forcefully block, cancel or reverse any transaction you or your business have authorised or a payment you have taken, in your KryptoX platform account, including funds or any crypto assets that you currently have in your account. We also hold the right to fully suspend, restrict to terminate any services provided by KryptoX.com or it's associated services.
2.2 Notice of Termination, Suspension or Cancellation.In the event that we suspend, terminate or cancel your account with KryptoX.com or associated account, we will (Unless it's against the law in your country/province) will provide the correct reasoning for the closure of the account. In the event that an error has occurred, and the suspension, termination or cancellation was done through human-error or technological error, we will fully reinstate your account.
2.3 Accessing and Information When Termination, Suspension or Cancellation.In the event that we terminate, suspend, or cancel any transaction or your KryptoX.com account, upon termination or deletion, unless prohibited by law or by any court in the jurisdiction, you may access your KryptoX.com account or associated services for the following uses:
In the event that we terminate, cancel or delete your account, we may prohibit the usability and functionality of that KryptoX.com account or service, not including the functionality of moving digital cryptocurrency assets.
3.1 Risks Associated. By using KryptoxX.com and its associated services you acknowledge the risk of using the service and our platform, you acknowledge the risk and use it at your own risk and the risk of losing any digital currencies or cryptocurrencies.' You hereby acknowledge the following risks when using cryptocurrency services and our platform:
3.2 Financial data collection.You must acknowledge that we collect some data in order to connect third-party websites which gather financial data to ensure that the user with a better statistical analysis of the market and recommended trades.
4.1 Security and Safety.KryptoX.com and services use the most secure, up-to-date security measures in order to combat any type of fraudulent or illegal activity, but as for any platform, interruptions can occur or any other interruptions facing the platform, they can range from delays, errors in service, inaccuracies and system outages. We agree to ensure that all measures that reasonably take care of our platform's system and its usability, data, and storage. You hereby agree that we are not responsible for any system failures caused by a third-party, human-error or technological failure.
4.2 Responsibility for Your KryptoX account.When you set up your account with KryptoX or services you agree to take responsibility for user-side accounts information, for example password and user login details.
Once agreeing to the user agreement and associated policies, you must register an opening account with KryptoX, which results in the following;
5.1 Responsibility of your account.You solely agree that it's your responsibility to create a strong password which is not seen on your other accounts or any online service, you also agree to maintain the security of your account, of such password. You must disclose to us any potential or factual attack or login that you didn't make. You also agree that you will not grant any type of access to the KryptoX account, unless an applicable law or regulation forces you to do so.
5.2 Currency, transfers and services activation.In connection with the AML/CTF regulation, FCA regulations and FIU regulations, KryptoX can only activate your account once you have verified your personal identification or business identification, once you've successfully complied with the Compliance Program, you are permitted to make transfers or any type of transaction.
5.3 Withdrawals and Limitations. When withdrawing fiat or crypto currencies, this can only be done when using a verified KryptoX, this applies to deposits. Any deposit or withdrawal will be processed based on the User agreement and may be delayed due to many factors.
5.4 Fiat Currencies.You hereby acknowledged that you are not allowed to receive Fiat currency funds in your account only from yourself, any Fiat currency which isn't directly from yourself will be classed as unauthorised and we reserve the right to investigate the source of the funds in your account and are permitted to handle the disposition in classification of the user agreement in section 1 to 1.4. In the event that the Fiat currencies in question are not that of your own, we reserve the right to lawfully dispose of them in accordance with the appropriate applicable laws, regulations and statutes.
If you have any questions regarding data protection, feel free to contact the data protection officer at [email protected]
7.1 Security Breach.In order to access any KryptoX and its associated services you will be required to create a strong password and personal details, such as the username or password. You must be responsible for the device of which you access our services platform, and ensure that the device is secure, you hereby agree that we will not be held responsible for any security breaches or losses made by using a Weak' password or username.
7.2 Authentication and Verification.To access any KryptoX services, you must provide the platform with a username and a password, once that is met, you will be provided with a two factor authentication method such as Short Message Service or One Time Password application such as Google Auth, you are solely responsible to keep such devices secure and safe and maintain adequate security. This includes but is not limited to, ensuring adequate security measures, loss of the device which may result in loss of digital currencies or third-party access to the account.
7.3 Safety and Security of Your Device or Devices. KryptoX.com is not liable or responsible for any damage, loss or interruptions caused by any security breach, virus, trojan or any type of malicious software. We recommend you use the adequate procedures such as anti-virus updates to ensure that your device is not vulnerable to such attacks.
7.4 Password Security.As mentioned above,we require you to provide a secure and strong' password and username to stop any attempts of password breaches. When your electronic device or security data is lost or damaged, third parties may gain unauthorised access to your KryptoX account and any e-money, digital currency and/or funds stored in your KryptoX account and associated accounts such as your linked bank account(s) or credit card(s). You must still safeguard your security information. You should not, for example, write it down or make it available to anyone.
8.2 Legal Costs.Any legal costs you may have faced in reference to an KryptoX account you indemnify us for any legal costs and expenses directly related to any result of regulatory inquiry, legal action, litigation, dispute or investigation if such an event would occur. In the result of the above, we are entitled to charge your account/you for such legal costs or expenses and or settle with any assets still withhold in your KryptoX account and or hold those assets until the debt is settled.
8.3 Legal Information.You agree to the following legal responsibility:
By opening an account with KryptoX or any type of service relevant to the brand, you confirm and agree that you will not engage or actively pursue with any of the below:
9.1 Unlawful Activity.Activity, which is illegal in your country of governance, or knowingly assist in any type of unlawful activity, statute, ordinance, or regulation including but not limited to publishing, distributing, or disseminating any unlawful material or information related to the KryptoX brand.
9.2. Fraud.Activity or knowledgeable engagement which defrauds KryptoX or associated brands or the users of KryptoX including providing, distributing, or disseminating any false, inaccurate, or misleading information to KryptoX or it is users.
9.3 Abusive Activity or Knowledgeable Engagement.Acts enforcing or detrimentally interfering with, intercepting or expropriating any device or data or information that is unreasonably, disproportionately large in the website. Sending or uploading any material on KryptoX.com or associated services which contain viruses, trojans, worms, or other harmful or disadvantageous programmes.
9.4 Infringement of Copyright or Intellectual Property.Including, but not limited to selling, promotions, or any access to fraudulent music, movies copies, software or other unauthorised material without the appropriate authorisation of the right holding the right to be involved in the transaction involving products that contravene, infringe, or infringe, any copyright, trademarks, rights of advertising or privacy or any other proprietary rights under any law, statute, regulation, ordinance or any related illegal activity.
9.5 Abusive Activity or Behaviours.Any type of abusive or any type of limiting access of the usability of KryptoX services such as abuse, solicit, defame, harass, extort, stalk, threaten, DDoS attack, promote, hate, racial intolerance or any violation of privacy rights and accessing information regarding KryptoX services users.
9.6 Illegal Funding (Further to illegal activity).Any type of fundingto any illegal activity or funding to a terrorist organisation or individual for the use of illegal activity.
10.1 Change of Control/Acquisition. In the possibility we are acquired by or merged into a third-party, we reserve the right to transfer, assign or pass information we have collected to the third-party, securely, and quickly in the event of a merger, acquisition, sale, or any other type of control change. You will be updated in this event.
About the Cookies We Use
Cookies are commonly defined as data sent between web servers to web browsers to store and actively cache any type of information required.
Cookies allow the web browser and web server to appropriately detect and track your computer/web browser.
There are two types of cookies that are commonly used on a website, persistent cookies, and session cookies. Session cookies are completed when you close your browser whereas persistent cookies remain on your browser until deleted or close on their expiry date.
We (KryptoX) use Google Analytics to monitor and analyse the use of our website. Google's software generates statistical and graphical information based on information provided by the cookie, which are stored on the user's customer or device.
Our website (KryptoX.com) uses various information such as username, date of birth, full legal entity, mailing address, proof of identity, phone number, additional information for user activity to comply with our AML/CTF policies, procedures, and internal controls. This information is securely and safely stored on encrypted servers.
Most every-day browsers will allow you to opt-out or refuse cookie storage.
In Chrome, navigate to Settings, Advanced, Privacy and Security click Site Settings, Cookies and site data and disable Allow sites to save and read cookie data.
In Internet Explorer, navigate to Tools, proceed to Internet Options, Privacy and then select Block All Cookies using the icon slider.
In, Firefox, Navigate to Tools, Options, and Privacy
By blocking cookies, you will most definitely impact your user experience and the usability of almost every website.
Our policy adapts measures to actively prevent any money laundering activity that involves criminal activity, terrorism or any type of money laundering activity. We (KryptoX) comply with all applicable requirements and regulations that are guided by relevant authorities. Our procedures, policies and internal controls are entirely designed to comply with the relevant regulations.
Politically Exposed Person
Family member means the spouse, or a person considered to be equivalent to a spouse, of a politically exposed person; a child and their spouse, or a person considered to be equivalent to a spouse, of a politically exposed person; a parent of a politically exposed person.
We (KryptoX) undertake a risk-based approach when implementing any relevant procedure to counter the financing of terrorism (CFT) and with conducting any AML risk assessments.
The company (KryptoX) has undertaken the responsibility to ensure our AML/CTF policies, procedures and internal controls are actively designed to ensure that CTF meets regulators guidelines and CDD.
KryptoX's customers must be identified by passport, or any type of official identification process like utility bills or confirmation of address. Companies using KryptoX's platform must be identified by Chamber of Commerce or by notary deed, as set out by AML/CTF. All relevant KYC documents are securely maintained and achieved.
Our AML policy includes the appointment of a Money Laundering Reporting Officer (MLRO) who has appropriate knowledge and awareness of compliance with relevant legislation, regulators, and rules along with industry guidelines.
Low Risk Level Clients:
High Risk Level Clients:
Clients that are residents or linked to the below mentioned countries/regions are taken as a high-risk client classification.
Any businesses, individuals or countries stated on the International Sanctions list or relevant list are prohibited from accessing the KryptoX website or similar service provided.